Bitcoin Trend / No. 506 / The Next Trading Signal

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·@lordoftruth·
0.000 HBD
Bitcoin Trend / No. 506 / The Next Trading Signal
Time:  6.30  P.M. / GM+2 / 24th Feb, 2018 – Sat.

<center>- Reminder of 2018 Calls - </center>
- Buy call at 6.1 close to the bottom at 5.947K / We BGT at 6.1K.
- Sell Call at 11.65K / We SLD at 11.65 K.
Feel free to / <a href="https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-no-501-the-ball-is-back-in-the-bears-court">  Check The Post 501 </a> /

<center>- The Next Trading Signal - </center>
- The third call for 2018 is buy call / Yes, will buy at 8.7-9.2K !

This is the way, That I trade, Do your own due diligence. No one knows tomorrow's price or circumstance.  I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. I do not accept responsibility for being incorrect in my speculations on market trend.

<center>So What Next !</center>

- Bitcoin is currently trading around 9.7K at time of writing and as expected, the support 10.7K, 10K was broken and the support 9.6K will be broken soon.

- The trend for the rest of day is slighty bearish, and the selling pressure try to lead the price to break the support at 9.6K.

- Based on the head and shoulders pattern on 4-hour chart ( The small chart on the cycle),  I believe bitcoin price will hit 9.2K. We have to keep un eye to see what will happen around this level, as might the decline extend to 8.7K ( Strong Support ).

- The right shoulder of IHS is in progress. Be ready as the big buyers will get on the market around 8.7- 9.2K. Today we are slighty bearish but I believe soon will be on the bull court after the appearance of the right shoulder of IHS.

<center>![buy1.gif](https://steemitimages.com/DQmTgqd2jLbCKH4ru9VNKebXCcxjdyoKCvjvvLkqUmMUHW8/buy1.gif)</center>

Expected trading for the rest of day:
is between 8700.00  support and 10700.00 resistance.

Expected trend for the rest of day :  
Slighty Bearish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / IHS Bottom.

The high of 2018:
25000.00 level / Expected.

<center>Thanks For Reading..</center>

<center>YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED. </center>

<center><a href="https://steemit.com/bitcoin/@lordoftruth/fibonacci-retracement-in-trending-market"><strong> What You Know About&nbsp;--> Fibonacci Retracement in Trending Market.</strong></a> &nbsp;&nbsp; </center>

<center>https://i.imgur.com/NGUN2BD.gif</center>
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